S. Korea presents $100 mln soft loan to Yemen
The Source: /www.sabanews.net - 15/06/2009
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An understanding memo was signed here on Monday between Yemen and South Korea, under which the South Korean government presents a soft loan of $100 million to Yemen for 2009 – 2012 to be repaid over 40 years. The loan will be devoted for funding and equipping Dental College in Sana'a University and Collage of Engineering in Aden University and furnishing and equipping a number of hospitals and health centres in different governorates in addition to financing electric transmission lines execution from Hiswa to Khormaksar. The memo was signed by Minister of Planning and International Cooperation Abdul-Karim al-Arhabi and South Korean ambassador to Yemen Won-ho Kwak. Al-Arhabi and Kwak reviewed the current cooperation aspects between Yemen and South Korea and means of boosting them to serve the common plans of the two friendly countries. The Minister al-Arhabi praised the assistance of the Korean government to support the development process in Yemen, confirming Yemen's keenness on strengthening the bilateral cooperation ties with South Korea. For his part, the Korean ambassador affirmed his country's willing on developing fields of the current and future cooperation with Yemen
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